11 AAC 86.250. General principles for conversion of a traditional location to a converted MTRSC location

One or more traditional mining claims or leasehold locations may be amended at any time to establish one or more converted MTRSC locations. The following rules apply to a conversion:

(1) all or part of a traditional location may be included in the converted MTRSC location; each converted MTRSC location must be supported by a discovery somewhere within its boundaries;

(2) if only part of a traditional location is included in the converted MTRSC location, the remaining part may be either relinquished or relocated as an amended location;

(3) a converted MTRSC location does not establish locatable mineral rights to an area outside the traditional location if that area is not open to location;

(4) conversion of a traditional location to a converted MTRSC location is not complete unless the annual rental due on the traditional location for the year in which the conversion occurs is timely paid in full; the failure to timely pay the required rental on the traditional location results in abandonment of both the converted MTRSC location and traditional locations under AS 38.05.265 .

History: Eff. 1/19/2002, Register 161

Authority: AS 38.05.020

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